Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Cash withdrawal for purpose of celebration of wedding RBI/2016-17/145 DCM (Plg) No.1320/10.27.00/2016-17 November 21, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign Banks Regional Rural Banks / … Read more
Petrol Bunks started dispensing cash from today against swiping of debit cards 686 petrol pumps had started dispensing cash by 4 p.m today against swiping of debit cards Cash dispensing facility had become operational at 686 retail outlets by 4 p.m today, of which 350 belonged to IOCL, 266 to BPCL and 70 to HPCL. … Read more
Request for issuing instructions for disbursement of salary of Central Government Employees for the month of November 2016 in cash – Deu to Demonetization of Rs.500 and Rs.1000 Ref:Confdn/salary/2016 Dated: 15/11/2016 To, Controller General of Accounts, Mahalekha Niyantrak Bhawan, Ministry of Finance, GPO Complex, Block E, Aviation Colony, INA Colony, New Delhi – 110003 Sir, … Read more
Jan Dhan Account holders are requested not to allow their accounts to be misused by anyone – Govt Press Release The Prime Minister Shri Narendra Modi reviewed the position for the second consecutive day yesterday regarding the smooth supply and availability of currency notes; Among major decisions taken during the Meeting include to continue to … Read more
Indelible Ink Mark to avoid multiple transactions The Central Government has announced that banks will mark with indelible ink the fingers of people exchanging old currency at bank counters to stop them from coming back repeatedly and avoid multiple transactions. The drawing limits against Bank Accounts and from ATMs and over the cash disbursement have … Read more
Deadline extended till 24.11.2016 for OHD Notes valid for Key Utilities As per the media news, the Central Government has decided to extend use of old Rs.500 and Rs.1000 bank notes for paying household utility bills, fuel, taxes & fees and purchase from co-operative stores till November 24, 2016. The time limit for certain categories … Read more
OHD Notes Exchange Limit 4500, ATM Withdrawal Limit 2500 and Weekly Limit 24000 Finance Ministry reviews the position regarding availability and distribution of all denomination of bank notes in different parts and regions of the country; Issuance of the new series of Rs. 500/- notes commenced; Instructions issued to the Banks and Post Offices to … Read more
Fake currency notes in Banks and Post Office – Government agencies are closely monitoring Government agencies are closely monitoring receipt of fake currency notes in Banks and Post Office; Special watch is being kept receipt of fake notes in the States bordering our neighbouring countries. One of the primary objectives of cancellation of legal tender … Read more
Need recalibration (Software and Hardware changes) in all ATMs Availability of cash with Bank branches and Post Offices Ministry of Finance has reviewed and taken stock of the cash availability and issuance to members of public today. Reserve Bank of India (RBI), Indian Banks Association (IBA) and a few major banks participated in the review … Read more
last date for using OHD notes extended till 14.11.2016 – Finmin Orders Press Information Bureau Government of India Ministry of Finance 11-November-2016 19:14 IST Government extends existing exemptions with regard to cancellation of the legal tender character of the existing series of high denomination bank notes of Rs.500 and Rs.1,000 denominations until the expiry of … Read more